With HDFC forming a head and shoulder pattern with support placed at 1079, we can see a good upmove from current level. Keeping SL at 1079, The profit range seems to be 1064-1070 .
I suggest going long on HDFC, and see this target achieved in 5-8 trading sessions.
#HDFCBANK #BANKING #LONGONHDFC #PROFITEOF65to70
Long above 560 SL 550 TARGETS 570/576/590/605 (Aggressive traders)
Long near 550 SL 540 TARGETS 570/576/590/605 (Conservative traders)
Good demand zone in 540-550. Also, stock has formed Inverted head and shoulder on hourly charts.
More details in chart.
Complex HnS + Inside Bar
We have a wick to pass through if short triggers.
Alternatively this could also be a long trade considering this at a trendline if we ignore that wick.
Long above 685.55, SL at PDL
Short below 673, SL at PDH
Titan is making H&S pattern at the peak of its uptrend. Looks to be a good case of probable trend reversal.
Once right should is complete titan can go as low as 520.
Apart from H&S pattern Titan is also making bearish triangle pattern, making lower highs while not making higher lows. Once the triangle is broken on the bearish side it will complete H&S pattern...